Posts Tagged ‘Tata steel’

Ten Indian companies led by Bharat Heavy Electricals Ltd (BHEL), Bharti Airtel and HDFC Bank are on the Forbes’ list of 50 of the best of Asia-Pacific’s biggest listed companies, out of a universe of 500.

‘Asian Fab 50 Companies’ ranking is topped by Taiwanese computer maker Acer, while BHEL and Airtel are the top ranked Indian companies occupying the fifth and sixth spots on the list.

Though the Mukesh Ambani-led Reliance Industries Ltd. (RIL) has a market value of $77.7 billion, making it the biggest Indian firm, it is ranked 39.

Forbes described its criteria for inclusion on the Fab 50 list as: “We look at long-term profitability, sales and earnings growth, stock price appreciation and projected earnings for every company in the region with revenues or market capitalisation of at least $5 billion.”

India with 10 companies comes second on the list after China which has the maximum representation of 13 firms. Hong Kong has another five, Taiwan six and Australia seven companies on the list.

“Indian companies once again had a strong showing, with 10 making our cut. Infosys and Wipro, perennial top performers, are back for the fourth year. RIL, BHEL, L&T are back for the third year,” the US business magazine said in a report accompanying the list.

About BHEL, the magazine said: “With the Indian government’s commitment to achieve ‘power for all by 2012’, the country’s largest energy equipment provider is firing up plenty of juice. Still 68 percent state-held, it holds a commanding 60 percent to 65 percent market share of India’s power capacity additions.”

On telecom major Airtel, the report said: “As many as 10 million new subscribers sign up every month for wireless access in India. One in four sign up with Bharti Airtel, not only to make calls but also to access the Web, download cricket scores and send billions of text messages.”

On Tata Steel, partly owned by the Tata group, the magazine said Ratan Tata transformed his steel company from a South Asian foundry into an enterprise spanning the rest of Asia, Europe and the US with $13 billion takeover of Anglo-Dutch Corus group last year

IT majors Infosys, TCS and Wipro have emerged as the three most admired companies in India, followed by Sunil Mittal-led telecom giant Bharti Airtel and another Tata group company Tata Steel in the top five, according to a list prepared by the Wall Street Journal Asia.

However, Bharti Airtel and the country’s biggest private sector lender ICICI Bank have scored over the IT majors in terms of innovation with their top two positions, found a survey of Wall Street Journal Asia readers.

As part of compilation of a broader list of 200 most admired companies in Asia, the publication on Friday released the list of ten most admired companies as well as top ten innovators in India.

In the most admired list, Infosys, TCS, Wipro, Bharti Airtel and Tata Steel are followed by Larsen & Toubro, ITC, Tata Motors, HDFC Bank and Mahindra and Mahindra to round up the top ten companies.

For innovation, Bharti Airtel and ICICI Bank are followed by Infosys, TCS and HCL Technologies in the top five. These are followed by Anil Ambani-led Reliance Communications, Wipro, Satyam, M&M and Hindustan Lever (now known as Hindustan Unilever or HUL) in the order of their rankings.

“Bharti Airtel ranked most-innovative in responding to customers’ needs, the featured category in the latest Journal survey to determine Asia’s 200 most-admired companies. That helped it earn a spot on the list of overall-most-admired in India,” the WSJ said in a report.

In the overall list, Infosys has retained its position as the most admired company since 2000, while TCS has also retained its second position since 2006 survey. Wipro has moved up one position from fourth in the previous 2006 survey.